Friday, May 30, 2008
Markets Friday, 05/30/2008
| Dow : 12638.32 down 7.90
| S & P : 1400.38 up 2.12
| NASDAQ: 2522.66 up 14.34
| Bond (10Y): 4.06%, 98.53
MARKETS:
Stocks have mixed day, mixed month
Dell's earnings give a lift to the technology sector at the end of an
uneven month on Wall Street.
Nasdaq up 4.6% in May, 3.2% on week; Dow down 1.4% for month, up 1.2% on week
Nasdaq up 4.6% in May, 3.2% on week; Dow down 1.4% for month, up 1.2% on
week
5/30/2008 4:47:25 PM
Stocks end mixed, with Dell's strong quarterly results leading techs higher. Blue chips gave up gains in the last minutes of trading.
Stocks end mixed, with Dell's strong quarterly results leading techs
higher. Blue chips gave up gains in the last minutes of trading.
U.S. stocks climb for foutth day on Dell profits, low inflation
U.S. stocks climb for foutth day on Dell profits, low inflation
NEW YORK
U.S. stocks start trading slightly higher, trying to extend gains into a
fourth-day straight, as personal computer giant Dell Inc. reported
profits that exceeded forecasts and the government said a key gauge of
inflation was temperate in April.
Economic Report: Consumer sentiment sinks as inflation worries grow:
survey
U.S. consumer sentiment drops to the lowest level in 28 years in May as
worries about inflation grow, according to the University of
Michigan/Reuters consumer sentiment index.
Economic Report: Inflation wipes out income gains in April
Inflation erases all the gains in disposable personal income in April,
while consumer spending is flat after adjusting for higher prices.
Futures Movers: Crude-oil futures regain some ground as traders eye
storms
Crude oil futures gain back some ground, with traders keen to boost
positions ahead of the weekend and before the official start of
hurricane season next week.
U.S. consumer sentiment sinks as inflation worries mount
U.S. consumer sentiment sinks as inflation worries mount
5/30/2008 10:08:22 AM
Calpine calls NRG Energy proposal 'inadequate' but may be open to talks
Calpine calls NRG Energy proposal 'inadequate' but may be open to talks
5/30/2008 9:17:27 AM
CEOs of United Airlines and US Airways tell employees no combination "at this time," AP reports.
CEOs of United Airlines and US Airways tell employees no combination "at
this time," AP reports.
U.S. stock indexes on track for higher close as crude futures slide $4 a barrel
U.S. stock indexes on track for higher close as crude futures slide $4 a
barrel
5/29/2008 3:57:49 PM
PC maker Dell reports first-quarter profit of 38 cents a share on revenue of $16.1 billion, topping analysts' estimates.
PC maker Dell reports first-quarter profit of 38 cents a share on
revenue of $16.1 billion, topping analysts' estimates.
Government report shows personal income and spending growth slowed in April, suggesting ongoing economic weakness.
Government report shows personal income and spending growth slowed in
April, suggesting ongoing economic weakness.
Thursday, May 29, 2008
Markets Thursday, 05/29/2008
| Dow : 12646.22 up 52.19
| S & P : 1398.26 up 7.42
| NASDAQ: 2508.32 up 21.62
| Bond (10Y): 4.07%, 98.19
MARKETS:
Stocks rally as oil slumps
Wall Street gains as investors welcome an improved first-quarter GDP
reading, a stronger dollar and weaker crude prices. After the close,
Dell jumps.
U.S. stocks close higher for third day as oil falls
U.S. stocks close higher for third day as oil falls
U.S. stocks climb for a third consecutive day, with financials leading
the surge, as MasterCard Inc. predicted robust revenue growth and Bear
Stearns Cos. shareholders approved a $2.2 billion buyout of the
investment bank.
Mortgages: Long-term, fixed-rate mortgages jump, ARMs hold steady
Longer-term, fixed-rate mortgages jumped this week to their highest
level in 11 weeks but shorter-term, adjustable loans held steady or
fell, according to Freddie Mac's weekly rate survey released Thursday.
Economic Report: First-quarter GDP revised higher as expected, to 0.9%
growth
The U.S. economy grows 0.9% in the first quarter, a sluggish pace
reflecting the biggest slump in housing in 26 years and the first
decline in final domestic sales in 17 years.
Overseas sales and bulk-buying trends fuel Costco's quarter
Costco, the largest U.S. warehouse retailer, posts third-quarter
earnings rise as international sales and bulk-shopping trends make it a
winner.
Special Report: Olympic visitors need not be too wary of exchanging
yuan
Visitors to the Olympics who are worried about changing their dollars
into yuan after hearing about China's tightly-controlled foreign
exchange system are likely to be pleasantly surprised.
U.S. stocks mildly higher after economic data
U.S. stocks mildly higher after economic data
U.S. stocks tilt slightly higher from a tentative start after the
government raises its estimate of first-quarter economic growth and
reports a modest rise in weekly jobless claims.
Mortgages: Long-term, fixed-rate mortgages jump, ARMs hold steady
Longer-term, fixed-rate mortgages jumped this week to their highest
level in 11 weeks but shorter-term, adjustable loans held steady or
fell, according to Freddie Mac's weekly rate survey released Thursday.
Economic Report: First-quarter GDP revised higher as expected, to 0.9%
growth
The U.S. economy grows 0.9% in the first quarter, a sluggish pace
reflecting the biggest slump in housing in 26 years and the first
decline in final domestic sales in 17 years.
Overseas sales and bulk-buying trends fuel Costco's quarter
Costco, the largest U.S. warehouse retailer, posts third-quarter
earnings rise as international sales and bulk-shopping trends make it a
winner.
Special Report: Olympic visitors need not be too wary of exchanging
yuan
Visitors to the Olympics who are worried about changing their dollars
into yuan after hearing about China's tightly-controlled foreign
exchange system are likely to be pleasantly surprised.
Crude-oil futures rebound as weekly data show U.S. inventory decline
Crude-oil futures rebound as weekly data show U.S. inventory decline
5/29/2008 10:33:26 AM
Stocks tread water as a report shows U.S. economic activity grew, but remained sluggish, in the 1st quarter.
Stocks tread water as a report shows U.S. economic activity grew, but
remained sluggish, in the 1st quarter.
10:28:03 -0400
Bear Stearns stockholders OK $10-a-share acquisiton by JPMorgan, marking
demise of storied firm brought down in credit crisis.
U.S. economic growth in the first quarter is revised higher to 0.9% from a previous reading of 0.6%.
U.S. economic growth in the first quarter is revised higher to 0.9% from
a previous reading of 0.6%.
Wednesday, May 28, 2008
Markets Wednesday, 05/28/2008
| Dow : 12594.03 up 45.68
| S & P : 1390.84 up 5.49
| NASDAQ: 2486.70 up 5.46
| Bond (10Y): 4.00%, 98.84
MARKETS:
Stocks end higher
Wall Street shakes off the worst of the session's weakness to close with
gains, despite higher oil prices and more financial sector worries.
U.S. stocks cap a second volatile day with gains
U.S. stocks cap a second volatile day with gains
U.S. stock indexes get their second straight day of gains, even after
shifting gears multiple times during the session, with economic data
helping investors overcome downbeat news in the financial sector.
Exxon Mobil shareholders vote against separate chairman/CEO roles
Exxon Mobil Corp. shareholders fall short of a majority of the votes
cast at the oil giant's annual meeting in pressing for the posts of
chairman and chief executive to be made separate.
Futures Movers: Oil reclaims $131 as traders weigh supply, demand
indications
Crude-oil futures find their footing, reclaiming the $130-a-barrel mark,
although to some observers the market appears vulnerable to further
selling.
Capitol Report: Politicians start to squirm over ethanol policy
NEW YORK
Think back to 2005 and the energy policy debates in Congress. Democrats
and Republicans both claimed the slogan of energy independence as the
mantra for a national energy policy.
UPS, DHL to sign multibillion-dollar services deal
Deutsche Post AG, in a virtual admission of failures in its DHL delivery
business, says that it will turn to rival and industry kingpin UPS to
bridge the weakest link in its delivery system.
U.S. stocks shift gears lower, led by financials
U.S. stocks shift gears lower, led by financials
U.S. stocks on Wednesday start higher, extending gains into a second
day, as crude falls to a one-week low and April's orders for big-ticket
products show a milder-than-expected decline.
Futures Movers: Oil moves up, but struggles to hold ground at the $130
level
Crude-oil futures find their footing, reclaiming the $129-a-barrel mark,
although the market appears vulnerable to further selling.
Economic Report: Durable goods orders show resilience in April
New orders for U.S.-made durable goods fell not nearly as much as had
been anticipated in April, off 0.5%, as strength in electronics offset
an expected sharp drop in orders for airplanes and cars, Commerce
Department data show.
The Fed: U.S. economy steps back from abyss: Yellen
The Federal Reserve's frantic action since January to slash interest
rates and pour cash into financial markets has paid off, according to
San Francisco Fed President Janet Yellen.
U.S. orders for durable goods off milder-than-expected 0.5% in April
U.S. orders for durable goods off milder-than-expected 0.5% in April
5/28/2008 8:31:44 AM
Stocks rise as Wall Street reacts to falling oil prices and a government report showing falling big-ticket orders.
Stocks rise as Wall Street reacts to falling oil prices and a government
report showing falling big-ticket orders.
Tuesday, May 27, 2008
Markets Tuesday, 05/27/2008
| Dow : 12548.35 up 68.72
| S & P : 1385.35 up 9.42
| NASDAQ: 2481.24 up 36.57
| Bond (10Y): 3.92%, 99.81
MARKETS:
Stocks jump as oil slides
Wall Street gains in a choppy session as investors welcome falling crude
oil prices and a stronger dollar.
U.S. stocks close with gains after oil slides
U.S. stocks close with gains after oil slides
U.S. stocks tilt tentatively higher, shifting course from the market's
worst weekly drop since February, as crude-oil futures fall to more
two-week lows, offsetting mostly bleak data on housing prices and
consumer confidence.
Crude oil closes below $130 after last week's rally
Crude-oil futures fall below $130 a barrel for the first time in nearly
a week, with the market ignoring fresh threats to oil supply as traders
lock in gains from an almost 5% rise in prices last week.
Economic Report: U.S. May consumer confidence at 16-year low
WASHINGTON
U.S. consumer confidence extended its tumble in May to reach a
16-year-low, the Conference Board reported Tuesday, as inflation
expectations reached a record high on rising gas prices.
Economic Report: Home price declines accelerate in March
Home prices in 20 major U.S. metropolitan areas have dropped a record
14.4% in the past year, Case-Shiller index data compiled by Standard &
Poor's show.
Yahoo's coming election battle: A focus on credibility
In this summer's proxy battle for control of Yahoo Inc., analysts say
the big salvos will likely focus on one central question: Did the board
of the Internet company fumble the broken-down merger talks with
Microsoft Corp.?
Stocks close higher in choppy trade as oil retreated and investors mulled mixed housing reports and a drop in consumer confidence.
Stocks close higher in choppy trade as oil retreated and investors
mulled mixed housing reports and a drop in consumer confidence.
Oil prices tank, settling $3.34 lower to $128.85, as dollar rises -- first time crude ends below $130 in a week.
Oil prices tank, settling $3.34 lower to $128.85, as dollar rises --
first time crude ends below $130 in a week.
Home price declines accelerate in March
Home price declines accelerate in March
Home prices in 20 major U.S. metropolitan areas have dropped a record
14.4% in the past year, Case-Shiller index data compiled by Standard &
Poor's show.
Vodafone records $13.2 billion profit as CEO Sarin to exit post
Vodafone Group's CEO Arun Sarin is stepping down after five years, going
out on a high note as the wireless giant generates a company-record
profit of more than $13 billion for the most recent fiscal year.
Telecom Report: AT&T, Verizon bet they'll catch Sprint in 4-G wireless
race
"My network's better than your network." So goes the playground-like
argument that's raging in the telecom industry's fierce competition for
customers in "fourth-generation" wireless service.
Blackstone, Apollo Management may deal for Chemtura: report
A pair of private-equity firms are reportedly in the early stages of
arranging financing to acquire Chemtura Corp. Shares of the
specialty-chemicals company rally ahead of the opening bell.
Consumer confidence plummets in May to worst level in 16 years. New home sales rose in April but remain near 17-year low.
Consumer confidence plummets in May to worst level in 16 years. New home
sales rose in April but remain near 17-year low.
Crude-oil futures retreat 1.6% to $130-a-barrel mark; stocks edge upward
Crude-oil futures retreat 1.6% to $130-a-barrel mark; stocks edge
upward
5/27/2008 9:37:18 AM
S&P's Case-Shiller says U.S. home prices fell a record 14.1% in the 1st quarter, AP reports.
S&P's Case-Shiller says U.S. home prices fell a record 14.1% in the 1st
quarter, AP reports.
Monday, May 26, 2008
Defensive posture taken in Europe with U.S., U.K. shut
Defensive posture taken in Europe with U.S., U.K. shut
Traders in Europe are in a defensive posture on Monday in a light-volume
holiday session, with investors opting for telecommunications firms and
utilities at the expense of banks and automakers.
Weekend Edition: Bank failures to surge as credit crunch slows economy
Only three banks have failed so far in 2008. But that number is set to
surge as the credit crunch slows economic growth and hammers some
lenders that grew too fast during the recent real-estate boom, experts
say.
Telecom Report: AT&T, Verizon bet they'll catch Sprint in 4-G wireless
race
"My network's better than your network." So goes the playground-like
argument that's raging in the telecom industry's fierce competition for
customers in "fourth-generation" wireless service.
Dow's transport index rise defies historical trends
NEW YORK
A top performance so far this year by the Dow Jones Transportation
Average index, long considered a precursor to market turnarounds, should
spell recovery for the broader market.
Market Snapshot: U.S. stocks look for holiday from inflationary
reminders
Stocks could use a holiday during the coming Memorial Day-shortened week
from the escalating energy prices and inflationary data that have dogged
the equities market, fueling persistent worries about the ailing U.S.
economy.
Markets Monday, 05/26/2008
| Dow : 12479.63 down 145.99
| S & P : 1375.93 down 18.42
| NASDAQ: 2444.67 down 19.91
| Bond (10Y): 3.87%, 99.97
MARKETS:
Stocks tumble on day, week
Wall Street suffers as higher oil prices and another weak housing market
report give investors a reason to retreat ahead of the three-day holiday
weekend.
Defensive posture taken in Europe with U.S., U.K. shut
Defensive posture taken in Europe with U.S., U.K. shut
Traders in Europe are in a defensive posture on Monday in a light-volume
holiday session, with investors opting for telecommunications firms and
utilities at the expense of banks and automakers.
Weekend Edition: Bank failures to surge as credit crunch slows economy
Only three banks have failed so far in 2008. But that number is set to
surge as the credit crunch slows economic growth and hammers some
lenders that grew too fast during the recent real-estate boom, experts
say.
Telecom Report: AT&T, Verizon bet they'll catch Sprint in 4-G wireless
race
"My network's better than your network." So goes the playground-like
argument that's raging in the telecom industry's fierce competition for
customers in "fourth-generation" wireless service.
Dow's transport index rise defies historical trends
NEW YORK
A top performance so far this year by the Dow Jones Transportation
Average index, long considered a precursor to market turnarounds, should
spell recovery for the broader market.
Market Snapshot: U.S. stocks look for holiday from inflationary
reminders
Stocks could use a holiday during the coming Memorial Day-shortened week
from the escalating energy prices and inflationary data that have dogged
the equities market, fueling persistent worries about the ailing U.S.
economy.
